Money-laundering
Tighter liquidity at near-zero rates makes it harder to profit from lending money. Banks, therefore, are pushing up fees and chasing swindles. They are acting as ATMs for drug-dealers, gun-runners, terrorists – not to mention tax-dodgers. That is the name of their game.

The ‘culture’ problem is not inside Deutshce Bank or the Commonwealth Bank. The culture problem is real existing capitalism. What never makes the headlines is the laundering of cash from the exploitation of wage-slaves. That core business is not a crime.

Our job is to make wage-slavery a crime. The only way to do that is put an end to the capitalist system. As we said last time, calls for a Royal Commission into capitalism aren’t going to succeed. Anyway, the Report is already in. It’s called Das Kapital. In two weeks, we shall celebrate its 150th birthday.